Final answer:
Theoretical probability is found by dividing the number of ways the event can occur by the total number of all possible outcomes. With 50 possible outcomes, if the event can happen in 5 ways, the probability would be 5/50 or 10%.
Step-by-step explanation:
To find the theoretical probability of a simple event when the total number of equally likely outcomes is 50, you divide the number of ways the event can occur by the total number of all possible outcomes. For example, if an event can occur in 5 different ways, and there are 50 possible outcomes, the probability of the event is 5 divided by 50, which simplifies to 1/10 or a 10% chance of occurring.